Another 1.9 million people filed for unemployment benefits for the first time last week, according to data released by the Labor Department on Thursday, marking 11 straight weeks in which millions of Americans have filed claims for jobless benefits.
Wall Street retreated on Thursday as investors hit the pause button in advance of Friday's jobs report, capping a four-day rally driven by rising economic sentiment.
The euro jumped to a 12-week high against the dollar on Thursday after another shot of European Central Bank stimulus to help economies slammed by the coronavirus pandemic, but world equity markets pulled in the reins after a strong seven-day run.
Slack Technologies Inc on Thursday withdrew its forecast for 2021 billings citing uncertainty driven by the COVID-19 pandemic, sending shares down 16% after market hours.
Gap Inc on Thursday reported a whopping first-quarter loss of $932 million as the apparel retailer wrote down the value of some assets due to coronavirus-driven store closures, sending its shares down about 5% after the bell.
American Airlines Group Inc shares jumped more than 40% on Thursday after announcing a big boost to U.S. flights next month following dramatic cuts caused by the coronavirus pandemic, as well as some leadership changes to cut costs.
Broadcom Inc on Thursday forecast current-quarter revenue, the mid-point of which was slightly below Wall Street estimates as its chip business was weighed down by the impact of the coronavirus crisis on global supply chains.
The S&P 500 lost ground on Thursday as investors took profits in advance of Friday's jobs report, ending a four-day rally driven by rising economic sentiment.
The U.S. Transportation Department plans to issue a revised order in the coming days that is likely to allow some Chinese passenger airline flights to continue, government and airline officials said.
American Airlines Group Inc told employees on Thursday that 14 officers will be as leaving the company as part of leadership changes in which another five officer positions will not be filled, according to memos seen by Reuters.
The New York Times | Mary Williams Walsh | Jun 3, 2020 More than 80 percent of the fees were paid by just 9 percent of account holders, according to the Center for Responsible Lending. Large U.S. banks took $11.68 billion in overdraft fees out of their customers’ accounts last year, even before the pandemic
Slack Technologies Inc on Thursday withdrew its 2021 billing outlook and reported a 50% jump in quarterly sales that failed to surpass lofty investor expectations driven by a surge in demand for workplace messaging platforms as more companies shift to remote work.
Luxury carmaker Bentley is cutting about 1,000 jobs in the United Kingdom amid the ongoing coronavirus outbreak, the BBC reported late on Thursday.
Forbes | Roger Dooley | Jun 1, 2020 Who is the biggest mortgage lender in the U.S.? If you guessed Wells Fargo, JP Morgan Chase, or Bank of America, you’d be wrong. Late in 2017, Quicken Loans passed Wells Fargo (NYSE: WFC) to become the highest volume mortgage lender. As the two firms continue to
U.S. Secretary of State Mike Pompeo on Thursday warned American investors against 'fraudulent' accounting practices of China-based companies and said the Nasdaq's recent decision to tighten listing rules for such players should be a model for all other exchanges around the world.